Colorado § 5-18-115 Security freeze - exemptions

Colorado Statutes

§ 5-18-115 — Security freeze - exemptions

Colorado § 5-18-115

Title 05Consumer

Art.Colorado Consumer Credit Reporting Act

This text of Colorado § 5-18-115 (Security freeze - exemptions) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 5-18-115 (2026).

Text

(1)(a) Except as specified in subsection (1)(b) of this section, sections 5-18-112 to 5-18-114 do not apply to a consumer reporting agency that:

(I)Acts only as a reseller of credit information by assembling and merging information contained in the database of another consumer reporting agency or multiple consumer reporting agencies; and

(II)Does not maintain a permanent database of credit information from which new consumer reports or records are produced.

(b)A consumer reporting agency shall honor any security freeze placed on a consumer report or record by another consumer reporting agency.

(2)The following entities are not required to place a security freeze in a consumer report or record:

(a)A check service or company or fraud prevention service or company that issu

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(1) (a) Except as specified in
subsection (1)(b) of this section, sections 5-18-112 to 5-18-114 do not apply to a
consumer reporting agency that:

(I) Acts only as a reseller of credit information by assembling and merging
information contained in the database of another consumer reporting agency or
multiple consumer reporting agencies; and

(II) Does not maintain a permanent database of credit information from which
new consumer reports or records are produced.

(b) A consumer reporting agency shall honor any security freeze placed on a
consumer report or record by another consumer reporting agency.

(2) The following entities are not required to place a security freeze in a
consumer report or record:

(a) A check service or company or fraud prevention service or company that
issues reports on incidents of fraud or authorizations for the purpose of approving
or processing negotiable instruments, electronic funds transfers, or similar
methods of payments;

(b) A deposit account information service or company that issues reports
regarding account closures due to fraud, substantial overdrafts, or automatic teller
machine abuse or similar negative information regarding a consumer or protected
consumer to inquiring banks or other financial institutions for use only in reviewing
a consumer request for a deposit account at the inquiring bank or financial
institution;

(c) A fraud prevention service or company issuing reports to prevent or
investigate fraud.

Legislative History

Source: L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1129, � 3, effective August 9. L. 2018: (1), IP(2), and (2)(b) amended, (HB 18-1233), ch. 75, p. 655, � 5, effective January 1, 2019.